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Nazmiyal & Harduf Family Acquires Retail Property At 104-108 N 7th Street For $8.075M

Property Image
SOLD
$8,075,000
Connor McCullough
Ethan Stanton
Brendan Maddigan
+ 1

New York

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Retail8,266 SF
Sold 08/01/2024
the dealplayerscompscontact
Property Image
SOLD

Nazmiyal & Harduf Family Acquires Retail Property At 104-108 N 7th Street For $8.075M

108 North 7th Street

See Similar Deals
Retail8,266 SF
Sold 08/01/2024
Connor McCullough
Ethan Stanton
Brendan Maddigan
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$976
Total Square Footage:8,266 SF
Transaction Type:Sale

The property located at 104-108 N 7th Street in Brooklyn is a retail asset that recently transacted for $8,075,000. The property encompasses a square footage of 8,266, with a price per square foot of $976.

Summary of transaction details:

The transaction involved the Nazmiyal & Harduf Family as the buyer. The brokerage team representing the deal consisted of Ethan Stanton, Brendan Maddigan, Michael Mazzara, and Connor McCullough from JLL, highlighting their role in facilitating this retail property transaction in Brooklyn.

Players

Brendan Maddigan
JLL
Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
133 deals$6.1B volume(516) 790-7718
BROKER
Michael Mazzara
JLL
Michael Mazzara
111 deals$3.9B volume(212) 376-5450
BROKER
Connor McCullough
JLL
Connor McCullough
11 deals$137.4M volume
BROKER

Details

SOLD
IMAGE: Ethan Stanton, Brendan Maddigan, Michael Mazzara & Connor McCullough DATE: 7/31/2024 ADDRESS: 104-108 N 7th Street MARKET: Brooklyn ASSET TYPE: Retail BUYER: Nazmiyal & Harduf Family BROKERS: Ethan Stanton, Brendan Maddigan, Michael Mazzara & Connor McCullough - JLL (@JLL) SALE PRICE: $8,075,000 SF: 8,266 ~ PPSF: $976

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$430,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,688.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,279.62
Annual Debt Service$459,355.44